Redpoint Investment Management Pty Ltd buys 26,484 shares of Sirius XM Holdings Inc. 09.30 NASDAQ: SIRI


Redpoint Investment Management Pty Ltd has increased its stake in Sirius XM Holdings Inc. (NASDAQ: SIRI – Get Rating) by 92.8% in the first quarter, according to the company in its latest form 13F, submitted to the Securities and Exchange Commission. The company owned 55,020 shares of the company’s shares after purchasing an additional 26,484 shares during the period. Redpoint Investment Management Pty Ltd owned Sirius XM at $ 364,000 at the end of the last reporting period.

A number of other institutional investors have also recently changed their holdings in SIRI. Key Financial Inc raised its position in Sirius XM by 103.0% in the fourth quarter. Key Financial Inc now owns 3,941 shares of the company’s $ 25,000 stock after acquiring an additional 2,000 shares during the period. Covestor Ltd bought a new position in Sirius XM in the fourth quarter worth approximately $ 26,000. Lindbrook Capital LLC increased its position in Sirius XM by 59.3% in the fourth quarter. Lindbrook Capital LLC now owns 5,375 shares of the company’s $ 34,000 worth of shares after acquiring an additional 2,000 shares during the period. Ellevest Inc. increased its position in Sirius XM by 173.2% in the fourth quarter. Ellevest Inc. it now owns 5,869 shares of the company’s $ 37,000 shares after acquiring an additional 3,721 shares during the period. Finally, Monetary Management Group Inc. increased its position in Sirius XM by 295.0% in the fourth quarter. Monetary Management Group Inc. he now owns 7,900 shares of the company’s $ 50,000 stock after acquiring an additional 5,900 shares during the period. Institutional investors own 11.79% of the company’s shares.

SIRI has been the subject of several recent research reports. Morgan Stanley downgraded the shares of Sirius XM from “equal weight” to “under weight” and set a price value of $ 7.00 per share. in a research report on Monday, April 18th. StockNews.com downgraded Sirius XM from a buy rating to a hold rating in a research report on Monday (May 2nd). Finally, Rosenblatt Securities began covering Sirius XM shares in a research note on Tuesday, April 19th. They issued a “buy” rating and a price target of $ 8.00 for the company. Three analysts rated the shares with a rating for sale, two assigned a rating for retention and five issued a rating for the purchase of the company’s shares. Based on data from MarketBeat.com, the shares have an average rating of “Hold” and a consensus target price of $ 7.29.

SIRI opened at $ 6.19 on Friday. The shares have a market capitalization of $ 24.36 billion, a price / earnings ratio of 18.21, a PEG ratio of 1.97 and a beta ratio of 0.95. The company has a 50-day moving average of $ 6.14 and a 200-day moving average of $ 6.27. Sirius XM Holdings Inc. has a fifty-two weekly low of $ 5.69 and a fifty-two week high of $ 6.88.

Sirius XM (NASDAQ: SIRI – Get rating) last published its revenue results on Thursday, April 28th. The company reported earnings of $ 0.08 per share for the quarter, in line with the consensus estimate of $ 0.08. The company had revenue of $ 2.19 billion for the quarter, compared to analysts’ expectations of $ 2.15 billion. Sirius XM had a net margin of 15.90% and a negative return on equity of 49.74%. Sirius XM’s quarterly revenue increased 6.2% year on year. During the same period last year, the company reported $ 0.07 earnings per share. On average, analysts expect Sirius XM Holdings Inc. will report 0.32 earnings per share for the current year.

The business also recently announced a three-month dividend, which was paid on Wednesday (May 25th). Record investors on Friday, May 6, received a dividend of $ 0.022 per share. The date of the former dividend was Thursday, May 5. This represents a $ 0.09 annual dividend and a yield of 1.42%. The payout ratio of Sirius XM is 26.47%.

Company profile Sirius XM (Get a rating)

Sirius XM Holdings Inc provides satellite radio services based on a subscription fee in the United States. Broadcasts music, sports, entertainment, comedy, talk, news, traffic and meteorological channels, including various music genres such as rock, pop and hip-hop, country, dance, jazz, Latin and classical music; live sports from various leagues and colleges; various conversation and entertainment channels for a number of audiences; national, international and financial news; and limited performance channels.

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Quarterly institutional ownership for Sirius XM (NASDAQ: SIRI)



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